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Hologic revenue up 4% in Q1

Hologic, the Marlborough medical device manufacturer, posted strong financial results in the first fiscal quarter, led by its surgical and diagnostics divisions.

The company’s surgical revenue increased by 10% to $119 million, the division’s highest growth rate in 11 quarters. Diagnostics revenue of $178.5 million represented a 9% increase. 

Since buying a controlling interest in SuperSonic Imagine, a French ultrasound maker, SSI contributed $6.1 million of revenue in the first quarter

The board authorized an additional $500 million share repurchase authorization to begin in the third quarter.

– Digital Partners -

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